Housing Wire

MAY 3, 2021

HousingWire’s Finance Leader award recognizes outstanding performers in the finance space. Those rates resulted in record-setting volume for real estate and mortgage companies, and a whole new set of challenges for their finance leaders. The following pages honor HousingWire’s first class of housing finance heavy hitters.

Finance 393

Finance Lending Title Mortgages 393

Housing Wire

JUNE 8, 2022

The Federal Housing Finance Agency (FHFA), under the leadership of Director Sandra Thompson, on Wednesday unveiled landmark equitable housing finance plans for Fannie Mae and Freddie Mac. A September 2021 request for input ahead of the equitable housing finance plans indicated the FHFA would implement the plans by January 1, 2022.

Equity 370

Equity Finance Loans Development 370

Housing Wire

APRIL 18, 2023

MISMO , the real estate finance industry’s standards organization and a subsidiary of the Mortgage Bankers Association , plans to launch a working group that will create standards for Electronic Home Equity Lines of Credit (eHELOC). Meetings will be conducted regularly via conference call. Overall, HELOCS accounted for 20.7%

Equity 368

Equity Lending Finance Loans 368

Housing Wire

MARCH 29, 2024

Anna Frankowska was recognized in 2017 as one of Forbes’ “ 30 Under 30 ” in Europe, having studied economics in London before moving to work in investment banking. My parents are retired, and putting my entrepreneurial and finance hats on, I just got to see challenges they face and conversations they’ve had,” she said.

Mortgages 450

Mortgages Finance Loan Officer Equity 450

Housing Wire

OCTOBER 21, 2021

The nation’s network of Federal Home Loan Banks (FHLBanks ) expects to be required to increase its share of investments in affordable housing. The total volume should not be lower than $100 million for each bank. In the first week of October, the bank also launched a $1.5 In May, Sen. Catherine Cortez Masto (D-NV) and Rep.

Banks 370

Banks Loans Equity Finance 370

Housing Wire

SEPTEMBER 1, 2023

Through the development of improved and sophisticated systems, protocols and technology, these operations leaders are driving their companies to growth and success. In its 8th year, the HW Insiders program is spotlighting the talented operations professionals who are laying the foundation of success for their organizations.

Technology 442

Technology Development Title Lending 442

Housing Wire

APRIL 21, 2022

Meanwhile, Ethan Elzen will be the executive vice president of business development and operational finance. . Cooper, he held executive positions at First Horizon National Corporation and Capital Bank. He held roles at Colorado Federal Savings Bank , Provident Funding Associates , UBS Investment Bank and Ally Financial.

Banks 393

Banks Principal Finance Equity 393

Housing Wire

JUNE 9, 2021

Federal Reserve Chairman Jerome Powell recently observed that across all kinds of financial services, activities that had once been principally the province of banks have moved into the nonbank sector, including IMBs. Bank CRA obligations cover far more than their mortgage lending.

Banks 502

Banks Lending Loans Principal 502

Housing Wire

DECEMBER 24, 2021

Last week’s announcement from the Department of Housing and Urban Development cleared the way for lenders to adopt targeted lending programs, but so far, they are treading carefully. But in the wake of HUD’s announcement, some lenders have, privately, grumbled that there are not sufficient incentives to develop the programs.

Lending 404

Lending Finance Banks Equity 404

Housing Wire

AUGUST 11, 2022

In a move the Federal Housing Finance Agency said will bolster sustainability and equity, servicers for federally backed loans will obtain and maintain fair lending data. Presented by: Selene Finance. That development prompted concern from legal experts that the information could be used as a basis for fair lending lawsuits.

Lending 382

Lending Loan Officer Finance Loans 382

Housing Wire

AUGUST 25, 2022

During the second-quarter earnings season, executives from publicly traded mortgage lenders detailed their forays into jumbo loans, non-qualified mortgages, reverse mortgages, home equity products and even personal loans. in the second quarter from the first quarter to $135 billion, according to Inside Mortgage Finance estimates.

Mortgages 393

Mortgages Equity Loans Seller concession 393

Housing Wire

OCTOBER 28, 2022

Speakers: Haley Parker, Area Business Development Manager, Fairway Independent Mortgage Corporation Arjun Dhingra, Sales and Business Development, All Western Mortgage Doug Wilber, CEO, Denim Social Chelsea Peitz, Founder, Chelsea Peitz Consulting. Presented by: Connor Hendershot, Director, Mortgage & Banking Solutions, Argyle.

Title 404

Title Lending Finance Development 404

Housing Wire

APRIL 19, 2022

The Mill Valley, California-based REIT operates as a specialty finance house that invests in, acquires and securitizes residential loans. Vesta Equity , another blockchain-enabled marketplace for tokenized home-equity investments. “As The Vesta Equity and Dwellsy investments were made in partnership with Frontiers Capital.

Equity 382

Equity Technology Investor Residential 382

Housing Wire

JULY 31, 2022

In anticipation of the shifting market conditions and the expected growth of home equity lending, Wolters Kluwer recently introduced a new solution – OmniVault for Real Estate Finance. This market-leading solution will make hybrid closings and eVaulting easier for real estate assets, including home equity loans.

Lending 370

Lending Equity Technology Banks 370

Housing Wire

AUGUST 28, 2023

Better Home & Finance Holding , the digital lender that debuted on Nasdaq last week, reported a net loss of $135.4 Filings show Better completed the acquisition of Birmingham Bank – a regulated U.K bank – in April 2023. The company acquired 100% of the equity of Birmingham for a total consideration of $19.3

Purchase and sale agreement 370

Purchase and sale agreement Loans Banks Finance 370

Housing Wire

JANUARY 11, 2021

LoanDepot , backed by private equity firm Parthenon Capital Partners, first announced plans to go public in September 2015 but canceled the IPO just hours before pricing, citing adverse “market conditions.” The company recently announced a joint venture partnership with Canadian developer Brookfield. billion to $2.6

Branding 498

Branding Banks Loans Finance 498

Housing Wire

NOVEMBER 16, 2021

nCino, a publicly traded financial tech company that specializes in cloud banking, said that its decision to purchase Utah-based SimpleNexus is a natural expansion of the company into the point-of-sale mortgage market. banks and credit unions, where nCino currently has over 1,100 customers.”. appeared first on HousingWire.

Banks 433

Banks Technology Equity Development 433

Housing Wire

APRIL 9, 2024

The education gap The reverse mortgage industry has long made serious investments in educational programs, particularly when looking at the efforts of current and former major lenders in the space like Finance of America Reverse (FAR), American Advisors Group (AAG) and others.

Mortgages 413

Mortgages Equity Banks Brokerage 413

Housing Wire

SEPTEMBER 27, 2023

Surveyed professionals also pointed to finding investor clients and have had success with products such as non-qualified mortgages ( non-QM s), down payment assistance programs (DPAs) and home equity line of credits ( HELOC s). About 37% of respondents were spending money in social media and 34.8% in events to garner business.

Mortgages 414

Mortgages Marketing Banks New Construction 414

Propmodo

JANUARY 13, 2024

But amid this gloomy outlook, one development firm in the city is contrasting the negative view of the office and finding ways to get offices designed, financed, and completed. GDS Development (GDSNY) was launched in 2007 by architects Michael Kirchmann and Alan Rudikoff. Less than 7.2 So far, GDSNY has completed more than $4.5

Development 57

Development Lending Finance Commercial 57

Housing Wire

OCTOBER 20, 2021

Goldstein founded StoicLane in September alongside Matt Foran and Jake Nice to invest in finance, insurance, and real estate businesses. The team co-founded several companies and, since 2004, they claim to have created $4 billion in equity value to investors. ” How do remote valuation solutions benefit appraisers?

Finance 370

Finance Mortgages Equity Banks 370

Housing Wire

JULY 12, 2021

Trussle’s investors include American bank Goldman Sachs and Amsterdam-based venture capital fund Finch Capital. Better eliminates the high financing costs, massive transactional friction, tyranny and mind-numbing bureaucracy that comes with getting a mortgage and buying a home in the U.K. via a high street bank,” Garg said. “We

Brokerage 414

Brokerage Mortgages Loan Officer Banks 414

Housing Wire

APRIL 14, 2022

A seasoned retail and commercial banking salesman in Fort Wayne, Indiana, the 39-year-old Woodward joined Interfirst Mortgage as a loan officer in October 2020 after a recommendation from an old college friend. I hadn’t developed a network for mortgage lending with Realtors,” Woodward said about his work at Interfirst in Indiana.

Mortgages 519

Mortgages Marketing Lending Loans 519

Housing Wire

FEBRUARY 11, 2022

Cooper , one of the nation’s top servicers, and Sagent, a loan servicing software developer, announced on Friday that they will join forces to create a cloud-native servicing platform. Meanwhile, Mr. Cooper will receive a minority equity stake in the fintech company.

Technology 370

Technology Development Equity Mortgages 370

Housing Wire

NOVEMBER 17, 2022

In late October, the Federal Housing Finance Agency released 47 million appraisal reports to the public for the first time. ” In March, the Department of Housing and Urban Development ‘s Property Appraisal and Valuation Equity (PAVE) task force released an action plan for eliminating bias.

Equity 370

Equity Residential Banks Finance 370

Housing Wire

APRIL 26, 2022

A rising player in the world of crypto-mortgages and blockchain-enabled financing, LoanSnap, plans expand its reach in the market by opening its lending platform to licensed mortgage brokers across the country in the near future. They are Vesta Equity , Oasis Pro Markets and Liquid Mortgage.

Due diligence 442

Due diligence Mortgages Equity Loans 442

Housing Wire

DECEMBER 11, 2020

Johnson joins the executive team from global finance company MSCI , where he served as managing director and president of InvestorForce. In his new role, Johnson oversees the company’s operations and is tasked with the development of Offerpad’s product team.

Lending 393

Lending Equity Development Mortgages 393

Housing Wire

APRIL 22, 2022

” Blend is reducing general and administrative expenses in human resources, finance, and legal, but decided not to cut costs related to engineering and product development. Bank, is doubling down on the long-term plan of offering a digital origination journey, not only for mortgage loans but also for other financial products.

Mortgages 393

Mortgages Marketing Title Banks 393

Realty Biz

OCTOBER 6, 2023

Affirmed Housing, a leading provider of affordable housing throughout California, announces the completion of Asante, a new, supportive housing development located at 11001 S. He continued, “We feel privileged to be part of this new housing development, of this day and, more importantly, to be part of this community.”

Development 62

Development Property Management Finance Construction 62

Realty Biz

OCTOBER 21, 2023

First-time Spec house builders need to understand the nuances of financing to ensure successful projects. From navigating traditional mortgage loans to exploring non-conventional options, various financing solutions are available. Challenges and Opportunities The world of spec house financing presents both challenges and opportunities.

Loans 108

Loans Finance Construction Commercial 108

Housing Wire

FEBRUARY 11, 2021

All of this occurs against the backdrop of record origination volumes and record profits at the California-based lender, which is the fifth-largest overall retail lender in the country, according to Inside Mortgage Finance. And according to Inside Mortgage Finance, loanDepot originated about $100.7 billion in mortgages throughout 2020.

Loans 404

Loans Finance Mortgages Closing 404

Housing Wire

SEPTEMBER 14, 2023

“We would partner with banks to buy their loans and securitize them so the banks could recycle their capital.” For example, bank regulators in July released a plan to increase capital requirements for residential mortgages, the Basel III Endgame rules. ” Another opportunity is in the home equity space.

Equity 393

Equity Banks Investor Residential 393

Housing Wire

JUNE 6, 2022

Wells Fargo , one of the nation’s largest banks, had at least 114 layoffs in its home lending business following a drop in revenue in that division in the first quarter of 2022. As of May 27, Iowa Workforce Development lists 49 layoffs at the Wells Fargo campuses in Des Moines and 34 employee reductions in West Des Moine.

Mortgages 414

Mortgages Loan Officer Lending Loans 414

Realty Biz

APRIL 1, 2024

million investment through equity and construction financing will be instrumental in bringing the visionary ThriveOn King project to fruition. This transformative development will breathe new life into a vacant, historically significant building in downtown Milwaukee, repurposing it into 90 affordable housing units.

Commercial 62

Commercial Development Equity Construction 62

Marco Santarelli

APRIL 24, 2023

The safety of banks from collapse has always been a concern for customers, investors, and regulators. Given recent bank failures , such as SVB and Signature Bank, many people are wondering about the safety of their money in banks, especially Bank of America. In 2022, the bank reported a net income of $20.4

Banks 52

Banks Investor Loans Commercial 52

Housing Wire

APRIL 1, 2024

The lawsuit states that Kortas controls the company, bank accounts, and profit distributions. But after Kortas developed an aviation hobby, he began spending millions of dollars of company money for his own aircraft, without Grella’s consent, and, in many cases, without his knowledge,” the document states. “But

Loan Officer 414

Loan Officer Brokerage Mortgages Loans 414

Propmodo

OCTOBER 31, 2023

Falling property prices and liquidity fears are causing banks to slow or stop lending on commercial properties. The first change is that a new type of lender has stepped in to fill the void left by regional banks. Unlike banks, these lenders are not constrained by Dodd-Frank regulations and do not have to worry about a run on deposits.

Lending 113

Lending Commercial Banks Construction 113